2026-08-18T11:14:35-04:00 2025-12-31 472604526 MYSTIC ACCOUNTING GROUP LLP PO BOX 397 MYSTIC CT 06355 990 2025-01-01 050254228 GREENWOOD CREDIT UNION GREE 4017394600 2700 POST ROAD WARWICK RI 02886 ANDREW BROWN CFO 4015622700 2026-08-18 true THEODOROS POULOPOULOS P02260731 8605361040 2026-08-18 2025 2025-03-06 01:10:19Z X FREDERICK REINHARDT 2700 POST ROAD WARWICK RI 02886 55812855 false X WWW.GREENWOODCU.ORG X 1948 RI THE CREDIT UNION IS AN ASSOCIATION OWNED BY ITS MEMBER DEPOSITORS. INTEREST INCOME FROM LOANS AND INVESTMENTS ALLOW THE CREDIT UNION TO PROVIDE LOW COST FINANCIAL SERVICES TO ITS MEMBERS. 9 8 97 2294 0 51196177 53656282 2451955 2156573 0 53648132 55812855 0 0 9204399 9970863 0 0 39510728 37525814 48715127 47496677 4933005 8316178 865510015 907742331 786235714 820151852 79274301 87590479 THE CREDIT UNION IS AN ASSOCIATION OWNED BY ITS MEMBER DEPOSITORS. INTEREST INCOME FROM LOANS AND INVESTMENTS ALLOW THE CREDIT UNION TO PROVIDE LOW COST FINANCIAL SERVICES TO ITS MEMBERS. false false INVESTMENT INCOME FROM LOANS AND INVESTMENTS PROVIDE FUNDS NECESSARY TO PROVIDE LOW COST FINANCIAL PRODUCTS TO MEMBER OWNERS. AT DECEMBER 31, 2025, THE CREDIT UNION HAD 86,211 SHARE/DEPOSIT ACCOUNTS AND 37,084 LOAN ACCOUNTS. false false false false false false false true false true false false true true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 23956 0 true 97 true true true false false false false false false false X 9 8 false false false false true true true true true false true true false true true true false true true true false X X ANDREW BROWN 4017394600 2700 POST ROAD WARWICK RI 02886 FREDERICK REINHARDT CEO 40.00 X 703300 0 46707 HOLLY FERRARA SENIOR VP/CL 40.00 X 255676 0 43826 JENNIFER LAFRANCE SVP/COO 40.00 X 245354 0 26748 ANDREW BROWN CFO 40.00 X 228010 0 11624 THERESA BROPHY SVP, HUMAN R 40.00 X 165798 0 37696 PAUL SILVA CHIEF RISK O 40.00 X 154714 0 29069 KAREN SD GRANDE ESQ CHAIRPERSON/ 5.00 X X 36300 0 0 PHILIP SLOCUM VICE CHAIR/D 4.00 X X 27300 0 0 MICHAEL TIKOIAN BOARD TREASU 1.00 X X 26100 0 0 SANDRA POWELL BOARD SECRET 1.00 X X 25200 0 0 MARIANNE VARATTA DIRECTOR 1.00 X 17503 0 0 ROSS NELSON DIRECTOR 1.00 X 16100 0 0 CARRIE BRIDGES FELIZ DIRECTOR 1.00 X 15600 0 0 BRIAN MCGUIRK DIRECTOR 1.00 X 15100 0 0 MARY SADLIER DIRECTOR 1.00 X 12300 0 0 1944355 195670 6 false true false FISERV PO BOX 934057 ATLANTA GA 31193 SOFTWARE 2129428 BLUE CROSS PO BOX 1057 444 WESTMINSTER ST PROVIDENCE RI 02901 HEALTH INSURANC 1482057 TRUSTAGE PO BOX 4653 CAROL STREAM IL 60197 INSURANCE 251923 CITY OF WARWICK PO BOX 981027 BOSTON MA 02298 RE TAXES 221504 CYBERSTATE RESOURCES INC 63 BLEACHERY CT WARWICK RI 02886 IT SERVICES 201056 12 INTEREST ON LOANS 49543307 49543307 MEMBER SERVICE FEES 3975612 3975612 GAIN ON SALE OF LOANS 135069 135069 NONMEMBER ATM FEES 522100 2294 2294 53656282 2156573 2156573 55812855 53653988 2294 2156573 1840523 5851174 248461 1472665 558040 234563 1000609 24956464 648932 OPERATIONS EXPENSE 4267726 DATA PROCESSING EXPENSE 3732331 CREDIT LOSSES PROVISION 2685189 47496677 0 0 0 4241062 6239657 22450000 18875000 757962481 804680420 3431629 3648608 23976771 10620694 13862970 13356077 12978936 11936665 50582937 49005904 865510015 907742331 4034937 2932589 1361869 1511313 780838908 815707950 786235714 820151852 X 79274301 87590479 79274301 87590479 865510015 907742331 8316178 X false true X true false false true X 316913 316913 17130535 4771735 12358800 4803521 4345833 457688 1725802 1503126 222676 13356077 OTHER ASSETS 41709665 NCUA DEPOSIT 7215087 ASSETS HELD FOR SALE 81152 49005904 MEMBERS' SAVINGS ACCOUNTS 718527085 MEMBERS' SHARE ACCOUNTS 91494464 ADVANCES - FHLB 5686401 815707950 X 55812855 55812855 55812855 47496677 47496677 47496677 SCHEDULE D, PAGE 2, PART IV, LINE 2B MORTGAGE ESCROW ACCOUNTS HELD FOR THE PAYMENTS OF REAL ESTATE TAXES FOR MUNICIPALITIES. SCHEDULE D, PAGE 3, PART X THE CREDIT UNION FOLLOWS FASB ACCOUNTING STANDARDS CODIFICATION 740-10, ACCOUNTING FOR UNCERTAINTIES IN INCOME TAXES, AND HAS EVALUATED ITS TAX POSITIONS TAKEN FOR ALL OPEN YEARS AND HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE. false true false FREDERICK REINHARDT CEO 367500 10800 325000 17500 50975 750007 17250 HOLLY FERRARA SENIOR VP/CLO 217476 38200 12614 62424 299502 22907 JENNIFER LAFRANCE SVP/COO 217354 28000 12303 28890 272102 22774 ANDREW BROWN CFO 207010 21000 11624 239634 THERESA BROPHY SVP, HUMAN RESOURCES 144898 20900 8442 58508 203494 21814 PAUL SILVA CHIEF RISK OFFICER 137714 17000 7860 42418 183783 14874 SCHEDULE J, PAGE 1, PART I, LINE 4 FREDERICK REINHARDT 0 325,000 0 SCHEDULE J, PART III A BUDGET FOR COMPANION TRAVEL TO CONFERENCES AND SEMINARS IS APPROVED BY THE MEMBERS EACH YEAR AT THE ANNUAL MEETING. FORM 990, PAGE 6, PART VI, LINE 6 THE CREDIT UNION IS OWNED BY ITS MEMEBER DEPOSITORS. FORM 990, PAGE 6, PART VI, LINE 7A THE BOARD MEMBERS ARE ELECTED DURING ANNUAL MEETINGS FOR THE TERM OF 3 YEARS. VACANCY OCCURING BETWEN ANNUAL MEETINGS IS FILLED BY THE VOTE OF THE MAJORITY OF THE DIRECTORS. DIRECTORS SO APPOINTED HOLD OFFICE UNTIL NEXT ANNUAL MEETING. THE BOARD ELECTS A CHAIRPERSON, A PRESIDENT AND A VICE- PRESIDENT. FORM 990, PAGE 6, PART VI, LINE 7B MEMBERS VOTE FOR BOARD OF DIRECTORS AND ON CERTAIN MATTERS PRESENTED AT THE ANNUAL MEETING OF THE CREDIT UNION FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS PROVIDED TO MANAGEMENT FOR APPROVAL PRIOR TO SUBMISSION. THE BOARD OF DIRECTORS MAY REVIEW THE FORM 990 AT THE MEETING SUBSEQUENT TO THE FILING DATE. FORM 990, PAGE 6, PART VI, LINE 12C THE SUPERVISORY COMMITTEE MONITORS THE BOARD OF DIRECTORS TO ASSURE COMPLIANCE WITH CREDIT UNION POLICY AND ADHERENCE TO RHODE ISLAND GENERAL LAW GOVERNING CREDIT UNION OPERATIONS. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD APPROVES ANNUALLY THE COMPENSATION AWARDED TO THE CEO OF THE CREDIT UNION. FORM 990, PAGE 6, PART VI, LINE 15B THE BOARD APPROVES ANNUALLY THE COMPENSATION AWARDED TO THE CEO OF THE CREDIT UNION. OFFICERS AND KEY EMPLOYEE COMPENSATION IS DRIVEN BY THE BUDGET WITH THE CEO'S INPUT. FORM 990, PAGE 6, PART VI, LINE 19 THE CREDIT UNION'S FINANCIAL RESULTS ARE POSTED AT THE BRANCH ON A MONTHLY BASIS. POLICIES ARE AVAILABLE TO MEMBERS UPON REQUEST.